Business
Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
Rubrik Reports First Quarter Fiscal Year 2027 Financial
About this update from Rubrik, Inc.
Rubrik, Inc. (NYSE: RBRK), the Security and AI Operations company, today announced financial results for the first quarter of fiscal year 2027, ended April 30, 2026. “We are off to an excellent start to fiscal 2027 as Rubrik is now an increasingly strategic platform for agentic cyber resilience — bringing together data, identity, and AI in a single architecture. We are more confident than ever that we are in the early innings of the AI acceleration opportunity,” said Bipul Sinha, Rubrik’s Chief Executive Officer, Chairman, and Co-Founder. Commenting on the company’s financial results, Kiran Choudary, Rubrik’s Chief Financial Officer, added, “We are pleased with our strong start to fiscal year 2027, exceeding all guided metrics with subscription ARR of $1.57 billion growing 32% year-over-year and free cash flow margin of 19%. This demonstrates our ability to drive durable growth and meaningful operating leverage at scale.” First Quarter Fiscal 2027 Financial HighlightsSubscription Annual Recurring Revenue (ARR): Subscription ARR was up 32% year-over-year, growing to $1.57 billion as of April 30, 2026. Revenue: Subscription revenue was $374.2 million, a 41% increase compared to $265.7 million in the first quarter of fiscal 2026. Total revenue was $387.1 million, a 39% increase compared to $278.5 million in the first quarter of fiscal 2026. This includes $8.5 million in revenue from material rights in the first quarter of fiscal 2027 and $13.4 million in revenue from material rights in the first quarter of fiscal 2026. Revenue excluding material rights increased 43% year-over-year in the first quarter of fiscal 2027. Gross Margin: GAAP gross margin was 80.5%, compared to 78.3% in the first quarter of fiscal 2026. Non-GAAP gross margin was 82.9%, compared to 80.5% in the first quarter of fiscal 2026. Subscription ARR Contribution Margin: Subscription ARR contribution margin was 13.2% compared to 8.0% in the first quarter of fiscal 2026, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business. Net Income/Loss per Share: GAAP net loss per share was $(0.21), compared to $(0.53) in the first quarter of fiscal 2026. Non-GAAP net income per share, diluted, was $0.16, compared to non-GAAP net loss per share, diluted, of $(0.15) in the first quarter of fiscal 2026. Cash Flow from Operations: Cash flow fro...